Which of the Following Represents the Correct Order of Stages

question 29

Multiple Choice

Which of the following represents the correct order of stages in a team's life cycle?

• A) Norming, storming, forming, adjourning, performing
• B) Forming, storming, norming, performing, adjourning
• C) Forming, storming, norming, adjourning, performing
• D) Forming, norming, storming, adjourning, performing
• E) Forming, norming, storming, performing, adjourning

Assessing the effects of government policies on market equilibrium.

Examining the impact of changes in quantity demanded/supplied due to price controls.

Understanding the relationship between market interventions and shortages/surpluses.

Understand the basic assumptions underlying economic theories, including the maximization of profits by firms.

---

Definitions:

45-Degree Line

A line in economics graphs that depict equilibrium points where the value of one variable equals the value of another; commonly used in Keynesian cross diagrams to show where aggregate expenditure equals aggregate output.

Saving

The portion of income not spent on current consumption, but rather set aside for future use or investment.

Trillion

A numerical value represented as 1,000,000,000,000 or 10^12, commonly used to quantify large sums, such as government budgets and the global economy.

APC

The Average Propensity to Consume calculates the portion of income that families allocate towards consumption as opposed to savings.